⬅ # 251 Robert F. Smith|# 253 Zhang Congyuan ➡

# 252 Karel Komarek 

$9.55B

Real Time Net Worth
as of 5/29/2024
-$81.5M (-0.85%)

# 252 Karel Komarek 

$9.55B

Real Time Net Worth
as of 5/29/2024
-$81.5M (-0.85%)
OccupationFounder, KKCG
Source of WealthOil And Gas, IT, Lotteries
Age55
ResidenceVerbier, Switzerland
Marital StatusMarried
Children4
EducationDiploma, Hahnemann Medical College
Age-Adjusted Net Worth$13.4B
Karel Komarek
Karel Komarek
Czech Republic
Net worth: $9.55B

Self-Made Score 

Wealth History

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Biography

Overview

Karel Komárek, born on March 15, 1969, in Hodonín, Czech Republic, is a Czech businessman.
He graduated in engineering and briefly worked at Sigma HodonĂ­n before venturing into entrepreneurship in 1992.
In 1992, he founded the industrial valves wholesale company M.O.S. HodonĂ­n with a start-up capital of CZK 300,000 borrowed from his father.
In 1995, Komárek established the internationally active investment company KKCG.
Under KKCG, he expanded into the energy sector with companies like Moravské naftové doly (now MND Group).
Komárek is the chairman of the board of trustees at the Karel Komárek Family Foundation, which focuses on philanthropic endeavors.
His philanthropic contributions include supporting the Dvořák Prague International Music Festival, the Proměny Foundation, and the Gardens of Peace project in France.
In 2020, the Karel Komárek Family Foundation initiated a project donating instruments to Czech schools, purchasing 11 pianos worth 200,000 euros from Petrof, and launching a public collection for 45 other schools.
In 2022, he launched the 'More than Equal' project in Silverstone, aiming to find, train, and support the first female Formula One World Champion, partnering with Motorsport Network for a global survey on the state of motorsport.
Komárek, along with his wife Štěpánka, received the Gold Medal in the Arts from the Kennedy Center International Committee on the Arts for their contributions to the field of art.
He and his wife also supported the construction of the 'Reach center' building in the Kennedy Center in 2019.
In August 2021, the Karel Komárek Family Foundation donated CZK 150 million to the reconstruction of Hodonín after a tornado devastated the town in June 2021.

Career

Karel Komárek started his business in oil and gas in the Czech Republic during the 1990s, right after the Velvet Revolution.
In 1996, his company M.O.S. Hodonín changed its name to MOS Hodonín Morovia Systems and developed into a technology supplier for the mining industry, allowing Komárek to enter the energy business.
In 2010, he separated from his father and sister to establish his own investment group, KKCG.
KKCG's diverse business activities include lotteries and gambling, energy, information technology, and investments, operating in 33 countries as of 2022.
In 2012, KKCG became the sole owner of Sazka, the largest Czech lottery company, forming the cornerstone for the establishment of the Sazka Group.
In 2016, KKCG founded the Sazka Group, later renamed Allwyn, which quickly became the largest lottery owner in Europe.
In January 2022, Komárek agreed to take Allwyn public via a SPAC merger.
KKCG expanded into information technologies and real estate, completing various residential projects in Prague and finishing the Bořislavka Office and Shopping Center in the Prague 6 district in June 2021.
In 2023, KKCG opened a methanol factory in West Virginia through the company US Methanol, founded by KKCG in 2016.

PersonalLife

Karel Komárek is married to Štěpánka Komárková and has four children.
He resides in Verbier, Switzerland, and is known for being an avid cyclist, rower, and golfer.

How long would it take you to become as rich as Karel Komarek?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach Karel Komarek's net worth of $9.55B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 42.57% compared to 11.75% for the S&P 500 benchmark.

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Karel Komarek is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Karel Komarek, Oil And Gas, IT and Lotteries are the primary sources. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey